Airless Tires Market By Application (Two-Wheelers, Agricultural & Construction Equipment, Commercial Vehicles, Defense Vehicles, Utility Vehicles) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Airless tires refer to next-generation non-pneumatic tires that eliminate the need for air pressure. These tires may be based on spokes or honeycomb structure and can be manufactured using 3D printing method. These tires can potentially be manufactured using a wide range of materials including plastic, paper, electronic waste, wood or recycled rubber. Currently, these tires are being produced using recycled rubber and organic recyclable compounds. The airless tires market is primarily driven by their immense benefits such as no risk of flat tires, longer life, rugged application and several others. Additionally, since the material used for airless tires is primarily recyclable, using these tires is more eco-friendly as compared to the pneumatic counterparts. Currently, airless tires have found application in utility vehicles such as lawn mowers, golf carts, bicycles, defense vehicles and some of the commercial vehicles.

Another major factor driving the market growth is the constantly growing efforts by the tire manufacturers towards development of more reliable and seamless design. Most of the tire companies including Bridgestone Corporation, the Michelin Group, Hankook Tire Group and several others are working rigorously in order to introduce airless tires in passenger vehicles segment. Continued efforts by these companies are directed towards improving durability, hardness, stability, efficiency and ability of these tires to maintain the performance at high speeds. This would escalate the possibilities of airless tires for use across a wide range of automotive vehicles. Nevertheless, major factor hindering the market growth is the limited performance of these tires in case of suspension, friction and high speed. Additionally, relatively slow pace of the overall automotive industry towards change in integral automotive components (e.g. tires, braking system) may hamper the market growth.

Airless Tires Market

The report titled “Global Airless Tires Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global airless tires market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

In order to help strategic decision makers, the report also includes competitive profiling of the leading airless tires vendors, their business strategy analysis, market positioning and key developments. Some of the major players profiled in the report are Michelin Group, Cooper Tire & Rubber Company, Goodyear Tire & Rubber Company, Hankook Tire Group, Bridgestone Corporation, Tannus Ltd., Amerityre Corporation, Kenda Rubber Industrial Company, Marathon Industries, Inc. and several others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the airless tires industry
  • Comparative analysis for different segments for the years 2016 & 2025
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
  • Trailing 2-Year market size data (2015 – 2016)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global airless tires market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

Based on the geography, the global airless tires market is segmented as per following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Asia
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Middle East & Africa (MEA)
    • Latin America

Airless Tires Market

The global airless tires market is dominated by the North America region. As of 2016, North America accounts for more than forty percent of the overall airless tires market revenue generated worldwide. The region is home to large number of tire manufacturers spending heavily over development of seamless airless tire designs. Companies such as Michelin Group, Cooper Tire & Rubber Company, Goodyear Tire & Rubber Company are some of the leading tire manufacturers in the region having heavy emphasis over development of airless tires.

Another major factor fueling the North America airless tires market is the strong adoption of airless tires across applications such as utility vehicles, agricultural and construction equipment and defense vehicles. Europe follows North America, in terms of revenue and adoption, of the airless tires market. Due to presence of a technologically advanced automotive industry, Europe remains a lucrative market for airless tires for the following years. Further, with the continually rising automotive industry in Asia Pacific, the region is set to demonstrate the highest growth in the following years.

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Published Date:  Oct 2017
Category:  Automotive & Transportation
Report ID:   58731
Report Format:   PDF
Pages:   120
Rating:    4.1 (50)
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